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    Katxattack's Avatar
    Katxattack Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Jan 27, 2007, 06:40 PM
    401K and taxes
    I recently (maybe 6 months ago), signed up with my company's new 401K. Do I need any special info from this account to do my taxes this year? I have conflicting reports. My co-workers told me that I need the end of the year statement(which I misplaced). I called the company that handles our 401K plan, and asked if I needed that statement or not. The lady I spoke to told me I didn't need it unless I had rolled any money over ( I didn't). She tehn said something about it being on my pay stub. I am really confused about this. Any advice?

    Kathy
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #2

    Jan 27, 2007, 07:27 PM
    You don't need to include anything about your 401K on your tax return. Your W2 has your adjusted gross income, adjustedfor any pre-tax deductions.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #3

    Jan 27, 2007, 08:14 PM
    Kathy:

    You need do NOTHING regarding your 401K when it comes to your annual tax return.
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